The stocks turned up from the early downs in Wall Street on Friday. Dow Jones ended up 0,44% to 25942 points, S&P 500 index up 0,38 % to 2881 points and Nasdaq slightly up 0,08 % to 7916 points.
The ride hailing company Uber (Uber) fell first over 9 % in its debut trading, but recovered somewhat and closed down 7,6 % to 41,53 dollars. The IPO price was 45 dollars. The market cap closed to 71,6 billion dollars, while in the IPO the market value was 82 billion dollars.
The rival ride hailing company Lyft also closed down.
The news from the trade talks with US and China showed some positive signs while the talks were “constructive” according to President Donald Trump.
Bloomberg reported that the US has given China one month time to seal the trade deal or face tariffs on all its exports to US.
The British finance minister Philip Hammond told media on Friday that US and China should avoid entering the trade war because of the vast impact on global growth and on British economy as well. According to Reuters, Mr Hammond estimates the UK will reach the 1,2 % economic growth this year.